Italy To Unveil New Solar IncentivesShare on Facebook
ROME - Italy's government will unveil a much-awaited plan for new incentives for a rapidly growing solar energy sector on Feb. 11, Economic Development Undersecretary Stefano Saglia said on Tuesday.

by reuters - Thursday, 28 January 2010

Italian and international investors who piled into Italian solar industry lured by the current generous scheme have been on tiptoes to find out details of the new plan which would reduce incentives as the government aims to ease the budget burden.

The new incentives plan would be presented at a meeting of a government body for relations between the state and regions on Fe. 11, Saglia told reporters, adding that new gas distribution system proposals would also be presented at the meeting.

The new plan presentation has previously been expected on January 27.

Saglia said last week solar power generating capacity would be capped at 8,000 megawatts until 2020 under the new plan, with at least 100 MW of the new cap to be earmarked for concentrated solar power generation.

The existing incentive scheme launched in 2007 expires after total installed photovoltaic capacity -- which turns sunlight into power -- hits 1,200 MW. The cap is expected to be hit in July, the state energy management agency GSE has said.